Businesses warned about price fixing

Businesses which resort to price fixing or breach competition rules in an attempt to boost profits in the recession are the subject of a new clampdown by the Office of Fair Trading (OFT), warns law firm DWF. Partner, Rupert Nevin, says, “We can expect to see targeted enforcement in financial services, construction, retail and consumer markets, in particular those where large groups of individuals suffer large losses as a result of price fixing and monopoly activity.”